Dutch Government launches internet consultation to amend the Dividend Withholding Tax Act
|
|
- Richard Ball
- 5 years ago
- Views:
Transcription
1 17 May 2017 Global Tax Alert Dutch Government launches internet consultation to amend the Dividend Withholding Tax Act EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: Expansion of domestic Dutch dividend withholding tax exemptions and abolishment of the current exemption for Dutch holding cooperatives Executive summary Following its letter published on 20 September 2016 regarding the proposed alignment of the Dutch dividend withholding tax treatment of profit distributions made by Dutch Cooperatives and limited liability companies, on 16 May 2017, 1 the Dutch Ministry of Finance launched an internet consultation and published its proposed amendments to existing corporate income tax and withholding tax legislation. In short, the consultation document contains the following two key proposals: 1. A broader domestic dividend withholding tax exemption for dividend distributions to corporate entrepreneurial shareholders resident in a treaty jurisdiction.
2 2 Global Tax Alert 2. Dutch cooperatives (Co-op) that act as holding companies should no longer fall within a separate general dividend withholding tax exemption for Co-ops, but will be treated the same as companies with capital divided into shares (BVs and NVs). After the public internet consultation, new legislation will be formally proposed with the aim to enact it by 1 January Detailed discussion Background On 16 May 2017, the Dutch Ministry of Finance published a consultation document regarding a number of proposed amendments to the Dutch Corporate Income Tax Act 1969 and Dutch Dividend Withholding Tax Act The purpose of this consultation document is as outlined in the Policy Paper published on Budget Day in September 2016 to expand the current domestic exemptions from Dutch withholding tax for dividend distributions made within an entrepreneurial group and to ensure that dividend distributions by a Dutch Co-op functioning as a pure holding company, will be subject to Dutch dividend withholding tax. Expansion of Dutch domestic dividend withholding tax exemption The consultation document proposes to further update and expand the domestic exemptions outlined in the Dutch Dividend Withholding Tax Act 1965, to ensure that within entrepreneurial groups, the domestic Dutch dividend withholding tax exemption is broadened. Under the proposals, no Dutch dividend withholding tax will be due on distributions made by a Dutch NV, BV or Co-op if all of the following criteria are met by the shareholder/member: Hold(s) at least 5% in the distributing company (or even lower in certain circumstances) Is resident of the European Union (EU)/European Economic Area (EEA) or a country that has concluded a tax treaty with the Netherlands covering dividends Is not considered a transparent entity for tax purposes in the country of residence And this shareholder/member: Does not hold an interest in the distributing entity with the main purpose or one of the main purposes to avoid the levy of Dutch dividend withholding tax (Subjective-test); or The arrangement or series of arrangements is not considered wholly artificial whereby: An arrangement can consist of various steps or components An arrangement or series of arrangements is considered artificial to the extent that they are not put into place for valid commercial reasons which reflect economic reality (Objective-test). The Subjective-test can be met if within the chain of ownership, a business enterprise is carried out by a treaty resident or resident of the EU/EEA. This means that the dividend withholding tax rate in the respective tax treaty or any other conditions (e.g., Limitation on Benefits (LOB) provisions, holding period etc.) would no longer be relevant as such shareholder can benefit from the domestic exemption. For all other situations, there should be valid business reasons that commensurate with the economic reality in order to meet the Objective-test. Valid business reasons are deemed present if the (EU/EEA or treaty resident) shareholder meets one of the following: Carries on an active business enterprise Performs headquarter activities of the parent entity Is an intermediate holding company that performs a linking function between the business operations and the operations of the lower-tier subsidiaries and does have relevant substance Based on further guidance provided in the consultation documents, intermediate holding companies will be considered to have relevant substance if the Dutch minimum substance requirements are met and they have at least 100,000 of (related party) labor costs relating to the relevant holding activities and own/rent an office space that is used to perform their activities for at least 24 months. Reference is made to the Principle Purpose Test of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Action 6 and the General Anti-Abuse Rule (GAAR) of the EU Parent- Subsidiary Directive. The Netherlands in this context intends to no longer give treaty benefits to wholly artificial arrangements. It is to be expected that other countries will come out with similar rules/explanations.
3 Global Tax Alert 3 Amendment of the Dutch dividend withholding tax treatment of Co-ops Under the current legislation, a distinction is made between Co-ops and companies with capital divided into shares (like BVs and NVs). Dividend distributions by BVs and NVs are in principle subject to a 15% dividend withholding tax (although reductions and exemptions might be applicable based on treaties, EU-legislation or domestic legislation), while dividend distributions by Co-ops are in principle not subject to dividend withholding tax (except for abusive situations). The consultation document proposes to eliminate the difference between distributions by Dutch limited liability companies (NVs and BVs) and Dutch co-operatives that act as holding companies (Holding Co-op). This means that only distributions by Holding Co-ops become subject to dividend withholding tax. Distributions by a Dutch Co-op that does not qualify as a Holding Co-op should still remain exempt from Dutch dividend withholding tax. A Holding Co-op is defined as a co-op that is part of an international holding structure and predominantly (more than 70%) performs holding activities and/or intercompany financing activities. It is explicitly mentioned that in two situations a Co-op should not be considered to be a Holding Co-op: A TopCo Co-op holding more than 70% investments in subsidiaries which actively holds these subsidiaries, has employees on the payroll and performs other headquarter activities A Co-op that is used in private equity structures holding more than 70% investments in subsidiaries, might also not be considered to be a Holding Co-op based on the other facts and circumstances such as employees, office space and active involvement in the business of the subsidiaries As a result, only distributions made by a Holding Co-op to (affiliated) members that (directly or indirectly) hold a membership interest of at least 5% shall become subject to 15% statutory Dutch dividend withholding tax similar as those out of a BV or NV. This means that for those distributions all other domestic or treaty based exemptions are applicable, unless the relevant tax treaty contains an anti-abuse provision. Realignment Dutch corporate income tax for foreign taxpayers Due to the proposed anti-abuse provisions for Dutch dividend withholding tax purposes, the substantial interest rules for foreign tax payers as set forth in the Dutch Corporate Income Tax Act 1969 would from 1 January 2018 only apply for capital gains. The Subjective-test and Objective-test and explanation thereto would equally apply. Next steps The consultation is open to the public until 13 June After the consultation, the proposed law will formally be presented to Parliament and undergo the normal Parliamentary procedures. It is envisaged that the changes will become effective on 1 January Implications The expansion of the Dutch dividend withholding tax exemption should be seen as an important step in further strengthening the Dutch fiscal investment climate. At the same time, the proposed changes address the outcome of the OECD s BEPS Action 6. Therefore, the requirements to benefit from the proposed domestic dividend withholding tax exemption could be seen as the Dutch implementation of the Principal Purpose Test of BEPS Action 6, as well as the GAAR of the EU Parent-Subsidiary Directive. Endnotes 1. See EY Global Tax Alert, Dutch Government publishes 2017 Budget Proposal, dated 20 September 2016.
4 4 Global Tax Alert For additional information with respect to this Alert, please contact the following: Ernst & Young Belastingadviseurs LLP, International Tax Services, Amsterdam Danny Oosterhoff Dirk Stalenhoef Ernst & Young Belastingadviseurs LLP, International Tax Services, Rotterdam Michiel Swets Ernst & Young LLP, Netherlands Tax Desk, New York Dirk-Jan Sloof Ernst & Young LLP, Netherlands Tax Desk, Chicago Erwin Sieders Ernst & Young LLP, Netherlands Tax Desk, San Jose Sebastiaan Boers Ernst & Young LLP, Netherlands Tax Desk, Beijing Yee Man Tang Ernst & Young LLP, Netherlands Tax Desk, Hong Kong Jeroen van Mourik Ernst & Young LLP, Netherlands Tax Desk, London Jelger Buitelaar
5 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. EYG no Gbl NY ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. ey.com
The Netherlands publishes 2018 Budget Proposals including changes to Dutch Dividend Withholding Tax Act
19 September 2017 Global Tax Alert The Netherlands publishes 2018 Budget Proposals including changes to Dutch Dividend Withholding Tax Act EY Global Tax Alert Library Access both online and pdf versions
More informationDutch Government publishes 2017 Budget Proposal
20 September 2016 Global Tax Alert Dutch Government publishes 2017 Budget Proposal EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationDutch Government releases proposed amendments to interest limitation provisions for consultation
23 June 2016 Global Tax Alert Dutch Government releases proposed amendments to interest limitation provisions for consultation EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationDutch Government releases fiscal policy agenda
26 February 2018 Global Tax Alert Dutch Government releases fiscal policy agenda EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationExecutive summary. EY Global Tax Alert Library
22 February 2018 Global Tax Alert Dutch Government confirms retroactive law changes to fiscal unity regime following CJEU s ruling that certain elements of regime are not in line with EU right of establishment
More informationNetherlands ratifies tax treaty with Sint Maarten
21 January 2016 Global Tax Alert Netherlands ratifies tax treaty with Sint Maarten EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationUpdated Decrees confirm Dutch APA/ATR procedures and practice
16 June 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date Updated
More informationBelgium introduces 100% participation exemption
20 March 2018 Global Tax Alert Belgium introduces 100% participation exemption EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationEU Council publishes updated Draft Directive on implementation of country-by-country reporting
23 March 2016 Global Tax Alert News from EU Tax Services EU Council publishes updated Draft Directive on implementation of country-by-country reporting EY Global Tax Alert Library Access both online and
More informationThe Netherlands and Switzerland sign agreements providing tax certainty for funds and investors
17 June 2016 Global Tax Alert The Netherlands and Switzerland sign agreements providing tax certainty for funds and investors EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationGlobal Tax Alert. Spain proposes amendments to the Spanish ETVE and participation exemption regimes. Executive summary. Detailed discussion
12 September 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date
More informationIreland s Country-by- Country reporting notification deadline is 31 December 2016
12 December 2016 Global Tax Alert News from Transfer Pricing Ireland s Country-by- Country reporting notification deadline is 31 December 2016 EY Global Tax Alert Library Access both online and pdf versions
More informationHong Kong and India sign income tax treaty
28 March 2018 Global Tax Alert Hong Kong and India sign income tax treaty EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationEuropean Parliament votes in favor of public Country-by- Country reporting in first reading
7 July 2017 Global Tax Alert European Parliament votes in favor of public Country-by- Country reporting in first reading EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationOECD launches International Compliance Assurance Programme pilot
26 January 2018 Global Tax Alert OECD launches International Compliance Assurance Programme pilot EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into
More informationEU AG issues opinion on Danish withholding tax on dividends and interest
2 March 2018 Global Tax Alert EU AG issues opinion on Danish withholding tax on dividends and interest EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationOECD, UN, IMF and World Bank issue toolkit for addressing difficulties in accessing comparable data for transfer pricing analysis
6 July 2017 Global Tax Alert OECD, UN, IMF and World Bank issue toolkit for addressing difficulties in accessing comparable data for transfer pricing analysis EY Global Tax Alert Library Access both online
More informationOECD updates its guidance on Country-by- Country Reporting
7 April 2017 Global Tax Alert OECD updates its guidance on Country-by- Country Reporting EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web
More informationExecutive summary. EY Global Tax Alert Library
20 December 2016 Global Tax Alert Germany publishes draft bill to restrict deduction of royalties to affiliated foreign entities that benefit from IP regimes without substantial local R&D activities EY
More informationSpain enacts tax reform
4 December 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date Spain
More informationDutch Lower Court requests Dutch Supreme Court to reconsider its case law on withholding tax reclaim requests filed by foreign investment funds
6 September 2016 Global Tax Alert Dutch Lower Court requests Dutch Supreme Court to reconsider its case law on withholding tax reclaim requests filed by foreign investment funds EY Global Tax Alert Library
More informationRussian Government issues bill for implementation of Automatic Exchange of Financial Account Information
19 September 2016 Global Tax Alert Russian Government issues bill for implementation of Automatic Exchange of Financial Account Information EY Global Tax Alert Library Access both online and pdf versions
More informationGlobal Tax Alert. Spain releases second draft bill amending Spanish tax system. Executive summary. Detailed discussion
7 August 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date Spain
More informationGlobal Tax Alert. Spain releases draft bill of Spanish tax system reform. Executive summary. Detailed discussion
25 June 2014 Spain releases draft bill of Spanish tax system reform EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International-
More informationOECD releases interim report on the tax challenges arising from digitalization
16 March 2018 Global Tax Alert OECD releases interim report on the tax challenges arising from digitalization EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationJapan and Chile sign income tax treaty
28 January 2016 Global Tax Alert Japan and Chile sign income tax treaty EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationEuropean Commission announces proposal on double taxation dispute resolution mechanisms in the European Union
26 October 2016 Global Tax Alert European Commission announces proposal on double taxation dispute resolution mechanisms in the European Union EY Global Tax Alert Library Access both online and pdf versions
More informationCyprus Tax Authority issues guidance on revised transfer pricing framework for intra-group financing activities
5 July 2017 Global Tax Alert News from Transfer Pricing Cyprus Tax Authority issues guidance on revised transfer pricing framework for intra-group financing activities EY Global Tax Alert Library Access
More informationOECD releases the United States peer review report on implementation of BEPS Action 14 minimum standards
2 October 2017 Global Tax Alert OECD releases the United States peer review report on implementation of BEPS Action 14 minimum standards EY Global Tax Alert Library Access both online and pdf versions
More informationBarbados conducting review on OECD-designated preferential regimes
26 October 2017 Global Tax Alert News from Americas Tax Center Barbados conducting review on OECD-designated preferential regimes EY Global Tax Alert Library The EY Americas Tax Center brings together
More informationG20 Leaders communiqué demonstrates continued support on tax issues, highlights new developments
10 July 2017 Global Tax Alert G20 Leaders communiqué demonstrates continued support on tax issues, highlights new developments EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationLuxembourg-Cyprus double tax treaty enters into force
7 June 2018 Global Tax Alert Luxembourg-Cyprus double tax treaty enters into force NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized email subscription
More informationIreland publishes Independent Review of Irish Corporate Tax Code
14 September 2017 Global Tax Alert Ireland publishes Independent Review of Irish Corporate Tax Code EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into
More informationOECD releases Germany peer review report on implementation of Action 14 Minimum Standards
21 December 2017 Global Tax Alert OECD releases Germany peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationSpanish Tax Authorities deny withholding tax exemption on Spanishsourced. on lack of business purpose at EU parent entity level.
17 October 2016 Global Tax Alert Spanish Tax Authorities deny withholding tax exemption on Spanishsourced dividends based on lack of business purpose at EU parent entity level EY Global Tax Alert Library
More informationNorway to impose new tax liability rules and requirements for applying reduced withholding tax rate on dividend payments to foreign shareholders
28 March 2017 Global Tax Alert Norway to impose new tax liability rules and requirements for applying reduced withholding tax rate on dividend payments to foreign shareholders EY Global Tax Alert Library
More informationIndia introduces secondary adjustment and interest limitation rules
6 April 2017 Global Tax Alert News from Transfer Pricing India introduces secondary adjustment and interest limitation rules EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationPakistan implements formal transfer pricing documentation and Country-by- Country Reporting requirements
7 August 2017 Global Tax Alert News from Transfer Pricing Pakistan implements formal transfer pricing documentation and Country-by- Country Reporting requirements EY Global Tax Alert Library Access both
More informationAustralia s proposed Diverted Profits Tax to affect many multinational businesses
2 December 2016 Global Tax Alert Australia s proposed Diverted Profits Tax to affect many multinational businesses EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationLuxembourg draft law on tax reform 2017 is introduced in Parliament
29 July 2016 Global Tax Alert Luxembourg draft law on tax reform 2017 is introduced in Parliament A review of the corporate tax measures EY Global Tax Alert Library Access both online and pdf versions
More informationHong Kong-India income tax treaty enters into force
6 December 2018 Global Tax Alert Hong Kong-India income tax treaty enters into force NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized email subscription
More informationRussian Finance Ministry communications clarify imposition of withholding tax on international transportation services
5 March 2018 Global Tax Alert Russian Finance Ministry communications clarify imposition of withholding tax on international transportation services EY Global Tax Alert Library Access both online and pdf
More informationLuxembourg explains its positions on Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
13 June 2017 Global Tax Alert Luxembourg explains its positions on Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS EY Global Tax Alert Library Access both online and pdf
More informationHong Kong releases new practice note on concessionary tax regime for qualifying aircraft leasing activities
10 November 2017 Global Tax Alert Hong Kong releases new practice note on concessionary tax regime for qualifying aircraft leasing activities EY Global Tax Alert Library Access both online and pdf versions
More informationNew Australia- Germany Tax Treaty enters into force
12 December 2016 Global Tax Alert New Australia- Germany Tax Treaty enters into force EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationSouth African Revenue Service releases public notice on recordkeeping for transfer pricing transactions
9 November 2016 Global Tax Alert News from Transfer Pricing South African Revenue Service releases public notice on recordkeeping for transfer pricing transactions EY Global Tax Alert Library Access both
More informationNew Protocol to Mexico-Spain Treaty to enter into force
24 July 2017 Global Tax Alert News from Americas Tax Center New Protocol to Mexico-Spain Treaty to enter into force EY Global Tax Alert Library The EY Americas Tax Center brings together the experience
More informationIMF and OECD deliver report addressing Tax Certainty, including practical recommendations for countries
27 March 2017 Global Tax Alert IMF and OECD deliver report addressing Tax Certainty, including practical recommendations for countries EY Global Tax Alert Library Access both online and pdf versions of
More informationTurkey amends transfer pricing legislation
19 August 2016 Global Tax Alert News from Transfer Pricing Turkey amends transfer pricing legislation EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into
More informationUK CFC rules: European Commission publishes opening decision on State aid
20 November 2017 Global Tax Alert UK CFC rules: European Commission publishes opening decision on State aid EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationNew Zealand s incoming Government to prioritize International tax reforms
30 October 2017 Global Tax Alert New Zealand s incoming Government to prioritize International tax reforms EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationSingapore enacts transfer pricing documentation requirements and publishes updated transfer pricing guidelines
26 March 2018 Global Tax Alert News from Transfer Pricing Singapore enacts transfer pricing documentation requirements and publishes updated transfer pricing guidelines EY Global Tax Alert Library Access
More informationUK publishes draft clauses and other Documents under Finance Bill 2018
15 September 2017 Global Tax Alert UK publishes draft clauses and other Documents under Finance Bill 2018 EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy
More informationCouncil of the EU reaches an agreement on new mandatory transparency rules for intermediaries and taxpayers
14 March 2018 Global Tax Alert Council of the EU reaches an agreement on new mandatory transparency rules for intermediaries and taxpayers EY Global Tax Alert Library Access both online and pdf versions
More informationLuxembourg publishes draft law ratifying Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
4 September 2018 Global Tax Alert Luxembourg publishes draft law ratifying Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS NEW! EY Tax News Update: Global Edition EY s
More informationEU Finance Ministers reach conclusions on new rules for Code of Conduct
14 March 2016 Global Tax Alert News from EU Tax Services EU Finance Ministers reach conclusions on new rules for Code of Conduct EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationHong Kong introduces legislative bill for corporate treasury center incentives
11 December 2015 Global Tax Alert Hong Kong introduces legislative bill for corporate treasury center incentives EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationSpain proposes to strengthen CFC rules
5 November 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date Spain
More informationOECD releases first annual peer review report on Action 5
5 December 2017 Global Tax Alert OECD releases first annual peer review report on Action 5 EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web
More informationOECD invites comments on discussion draft on treaty residence of pension funds
4 March 2016 Global Tax Alert OECD invites comments on discussion draft on treaty residence of pension funds EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationSwiss Parliament approves Corporate Tax Reform III
17 June 2016 Global Tax Alert Swiss Parliament approves Corporate Tax Reform III EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser:
More informationAustralia s revised exposure draft on hybrid mismatch tax rules: A detailed review
19 March 2018 Global Tax Alert Australia s revised exposure draft on hybrid mismatch tax rules: A detailed review EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationOECD releases Switzerland s peer review report on implementation of BEPS Action 14 minimum standards
19 October 2017 Global Tax Alert OECD releases Switzerland s peer review report on implementation of BEPS Action 14 minimum standards EY Global Tax Alert Library Access both online and pdf versions of
More informationIndonesia releases implementing regulations on Country-by- Country Reporting
24 January 2018 Global Tax Alert News from Transfer Pricing Indonesia releases implementing regulations on Country-by- Country Reporting EY Global Tax Alert Library Access both online and pdf versions
More informationAustralia releases draft anti-hybrids law
28 November 2017 Global Tax Alert Australia releases draft anti-hybrids law EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: www.ey.com/taxalerts
More informationSouth African Revenue Service issues Country-by Country reporting, master file and local file guidance
26 June 2017 Global Tax Alert News from Transfer Pricing South African Revenue Service issues Country-by Country reporting, master file and local file guidance EY Global Tax Alert Library Access both online
More informationAustralian Parliament passes Bill for MAAL, CbC reporting and increased penalties with wider ATO public reporting
4 December 2015 Global Tax Alert Australian Parliament passes Bill for MAAL, CbC reporting and increased penalties with wider ATO public reporting Private company tax data to be disclosed by ATO. Wide-ranging
More informationSouth Africa proposes amendments to hybrid debt and hybrid equity instrument legislation
12 July 2016 Global Tax Alert South Africa proposes amendments to hybrid debt and hybrid equity instrument legislation EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax
More informationIndonesia releases amendments to the anti-tax treaty abuse rules
6 December 2018 Global Tax Alert Indonesia releases amendments to the anti-tax treaty abuse rules NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized
More informationOECD releases France peer review report on implementation of Action 14 Minimum Standards
26 December 2017 Global Tax Alert OECD releases France peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationOECD releases new guidance on transfer pricing for low value-adding intra-group services under BEPS Actions 8-10
13 October 2015 EY OECD BEPS project Stay up-to-date on OECD s project on Base Erosion and Profit Shifting with EY s online site containing a comprehensive collection of resources, including news, Alerts
More informationOECD releases the United Kingdom peer review report on implementation of Action 14 minimum standards
26 October 2017 Global Tax Alert OECD releases the United Kingdom peer review report on implementation of Action 14 minimum standards EY Global Tax Alert Library Access both online and pdf versions of
More informationFrench Parliament approves Finance Bill for 2018 and second Amending Finance Bill for 2017
22 December 2017 Global Tax Alert French Parliament approves Finance Bill for 2018 and second Amending Finance Bill for 2017 EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationPROPOSALS ON COOPERATIVES AND DIVIDEND WITHHOLDING TAX 2018
The Netherlands proposes legislation to abolish dividend withholding tax in treaty situations and to amend dividend withholding tax position for cooperatives as from 1 January 2018. On the third Tuesday
More informationGerman Ministry of Finance publishes draft bill to implement countryby-country. other measures against base erosion and profit shifting
2 June 2016 Global Tax Alert German Ministry of Finance publishes draft bill to implement countryby-country reporting and other measures against base erosion and profit shifting EY Global Tax Alert Library
More informationAustria publishes draft regulation for implementation of Transfer Pricing Documentation Law
3 June 2016 Global Tax Alert News from Transfer Pricing Austria publishes draft regulation for implementation of Transfer Pricing Documentation Law EY Global Tax Alert Library Access both online and pdf
More informationIndonesia implements new transfer pricing documentation requirements in line with BEPS Action 13
16 January 2017 Global Tax Alert News from Transfer Pricing Indonesia implements new transfer pricing documentation requirements in line with BEPS Action 13 EY Global Tax Alert Library Access both online
More informationOECD releases Luxembourg peer review report on implementation of Action 14 Minimum Standards
22 December 2017 Global Tax Alert OECD releases Luxembourg peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationOECD BEPS final reports have implications for sovereign wealth and pension funds
14 January 2016 Global Tax Alert OECD BEPS final reports have implications for sovereign wealth and pension funds EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationIndian Tax Administration releases draft rules on Country-by-Country reporting and Master File implementation for public comment
10 October 2017 Global Tax Alert News from Transfer Pricing Indian Tax Administration releases draft rules on Country-by-Country reporting and Master File implementation for public comment EY Global Tax
More informationJapan releases guidance on transfer pricing documentation requirements
7 June 2016 Global Tax Alert News from Transfer Pricing Japan releases guidance on transfer pricing documentation requirements EY Global Tax Alert Library Access both online and pdf versions of all EY
More informationSpain to require maintenance and submission of VAT books by electronic means
24 November 2015 Indirect Tax Alert Spain to require maintenance and submission of VAT books by electronic means EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts.
More informationSouth African Tax Authority clarifies corporate tax classification of risk policies and once-off election for long-term insurers
17 February 2017 Global Tax Alert South African Tax Authority clarifies corporate tax classification of risk policies and once-off election for long-term insurers EY Global Tax Alert Library Access both
More informationUK s bilateral APA program for financial transactions is in line with growing global approach
5 November 2018 Global Tax Alert News from Transfer Pricing UK s bilateral APA program for financial transactions is in line with growing global approach NEW! EY Tax News Update: Global Edition EY s new
More informationGlobal Tax Alert. OECD issues updated guidance under BEPS Action 8 on transfer pricing aspects of intangibles. Executive summary
21 September 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date
More informationFrench Government releases draft Finance Bill for 2019
25 September 2018 Global Tax Alert French Government releases draft Finance Bill for 2019 NEW! EY Tax News Update: Global Edition EY s new Tax News Update: Global Edition is a free, personalized email
More informationUK launches review of corporate intangible fixed assets regime
20 February 2018 Global Tax Alert UK launches review of corporate intangible fixed assets regime EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your
More informationNorway signs Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS
18 August 2017 Global Tax Alert Norway signs Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationUK to hold referendum on its membership of the European Union
1 March 2016 Global Tax Alert UK to hold referendum on its membership of the European Union EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web
More informationGermany- Philippines revised income tax treaty enters into force
4 March 2016 Global Tax Alert Germany- Philippines revised income tax treaty enters into force EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your
More informationOECD releases discussion draft under BEPS Actions 8-10 on risk, recharacterization, and special measures
24 December 2014 EY Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/ Services/Tax/International- Tax/Tax-alert-library#date
More informationOECD releases 2013 Mutual Agreement Procedure statistics
2 December 2014 Global Tax Alert News from Transfer Pricing and Controversy EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/
More informationOECD releases draft changes to be incorporated in 2017 update to OECD Model Tax Convention
28 July 2017 Global Tax Alert OECD releases draft changes to be incorporated in 2017 update to OECD Model Tax Convention EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationOECD releases Italy peer review report on implementation of Action 14 Minimum Standards
22 December 2017 Global Tax Alert OECD releases Italy peer review report on implementation of Action 14 Minimum Standards EY Global Tax Alert Library Access both online and pdf versions of all EY Global
More informationNew Zealand to implement wide ranging international tax reforms
15 August 2017 Global Tax Alert New Zealand to implement wide ranging international tax reforms EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your
More informationUruguay s Ministry of Economy formally proposes tax increases
25 July 2016 Global Tax Alert News from Americas Tax Center Uruguay s Ministry of Economy formally proposes tax increases EY Global Tax Alert Library The EY Americas Tax Center brings together the experience
More information2018 Tax Budget. new perspectives UPDATE BDO TAX ADVISORS
BDO TAX ADVISORS UPDATE 2018 Tax Budget On September 19, 2018, the 2018 Tax Budget has been published. The measures proposed in the 2018 Tax Budget are mainly measures of which introduction is deemed necessary
More informationSaint Lucia complies with its international commitments while maintaining its attractiveness to investors
12 December 2018 Global Tax Alert Saint Lucia complies with its international commitments while maintaining its attractiveness to investors NEW! EY Tax News Update: Global Edition EY s new Tax News Update:
More informationGerman Federal Ministry of Finance reacts to CJEU decision regarding German anti-treaty shopping rule
9 April 2018 Global Tax Alert German Federal Ministry of Finance reacts to CJEU decision regarding German anti-treaty shopping rule EY Global Tax Alert Library Access both online and pdf versions of all
More informationThe new global tax environment. What the global focus on Base Erosion and Profit Shifting (BEPS) means for your business
The new global tax environment What the global focus on Base Erosion and Profit Shifting (BEPS) means for your business Changing business environment Macroeconomic megatrends, mobility of capital and growth
More information